After weeks of pressure, Freeholder Amy Mallet was successful in her efforts to have the the budget for the Monmouth County Library System scrutinized more closely and its a good thing that she did because the freeholder board’s finance director, Craig Marshall, found$6M in surplus funds that the Library Commission had been stockpiling in it’s rainy day fund.
Thanks to this finding the library commission will reduce its tax levy by $430,000, which would make the tax levy for the library system the same as in the previous year.
It’s too bad that Freehold Director Lillian Burry, places partisan politics ahead of good fiscal practices, by refusing to give Freeholder Mallet credit for the savings. It shouldn’t come as a surprise thought because Mallet has accused Burry in the past of obstructing closer looks at the budgets of other county departments.
Bob Jordan of the Asbury Park Press wrote about it in an article published on line Friday and which appeared in print yesterday.
“A closer look at the Monmouth County Library Commission’s books — not those on the shelves, but the accountant’s books — has led to good news for taxpayers, with significant budget and tax levy reductions.
Pressure by the county Board of Freeholders prompted the semiautonomous commission to cut its annual budget by $6 million and reduce its tax levy by $430,000, putting the levy at the same $12.15 million used in the previous year. The freeholders approved the new levy April 22.
The changes followed weeks of pressure from Democrat Amy Mallet for stepped-up scrutiny of the library budget. The freeholder board’s finance director, Craig Marshall, found that the commission was stockpiling excessive surplus funds — with enough money in its rainy-day fund to run operations for nearly an additional year. Marshall also uncovered budgeting for unneeded items and overbudgeting for other purchases….”
You can read more of the story >>> Here